Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Beginning inventory Purchase Sales Date March 1 March 5 March 9 March 18 March 25 March 29 Sales Totals Purchase Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units $56.00 per unit 85 units @ $61.00 per unit 150 units $63.00 per unit 560 units Units Sold at Retail 260 units $86.00 per unit 130 units @ $96.00 per unit 390 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per Cost of Goods Available Beginning inventory Purchases: March 5 March 18 March 25 Total Unit for Sale 4 of 4 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) specific identification. For specific identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIEO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit of units sold unit Cost per Cost of Good Sold # of units 100 March 11 March 5 Total March 5 March 9 Total March 9 loventory Balance Cost per unit $51.00 < Prev 34 35 of 43 Next > Inventory Balance $5,100.00 Chick my work 4 Required information Total March 5 3 of 4 March 9 Total March 9 March 18 -Book Total March 18 Pr no raw March 25 Total March 25 March 29 Total March 29 Totale + $ 0.00 Parpetual Fo Perpetual LIFO > < Prev 34 35 of 43 Next >